28.4 C
Ho Chi Minh City
Wednesday, June 19, 2024

U.S. begins anti-subsidy probe into auto tires from Vietnam

Must read

HCMC – The U.S. Department of Commerce (DOC) has initiated an anti-subsidy investigation into auto tires made in Vietnam, according to the Trade Remedies Authority of Vietnam.

During the investigation, which is set to last 12 months, the DOC can announce preliminary results and adopt temporary anti-dumping and anti-subsidy measures.

On May 13, the United States received a request to begin anti-dumping and anti-subsidy investigations into Vietnam’s tire products.

Data from the U.S. customs agency indicated that in 2019, Vietnam exported tire products worth some US$525 million to the United States.

In July last year, the Ministry of Industry and Trade issued a high-level warning that the tire products might be subject to trade defense investigations in some foreign countries.

After being notified of the investigation into Vietnamese tires, the ministry immediately took action to support enterprises and exporters including discussing and consulting with relevant associations.

To ensure the effectiveness of the investigation, the ministry has encouraged local auto tire exporters to proactively cooperate with the United States side and provide them with sufficient information.

By Le Hoang

More articles


Please enter your comment!
Please enter your name here

Latest articles